120hz is worth it if you play fast paced FPS games.
Personally I would wait as prices will likely fall a little... maybe keep an eye out for any bargains.
Your probably better directing this question to the monitors section, the guys in there know there stuff. Typically a 120Hz monitor is going to be better for fast paced FPS, an IPS is where its at for image quality. I believe this is apparantly the best on for fps:
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